June 2019 - CannabisNewsWire

FridayJun 28, 2019 4:20 pm

420 with CNW – USDA Reveals Deadline for the Release of Hemp Regulations

A notice from the U.S. Department of Agriculture published in the Federal Register at the beginning of this week provides insights regarding the department’s plans to release rules that will govern the newly legalized hemp industry. Of particular importance is the August self-imposed deadline when the final draft rules will be released by USDA. Previously, the department had been noncommittal about when it would finalize these rules. They would simply say that the rules will come out in time for the planting season of 2020. A USDA spokesperson revealed that the August deadline reflects the best-case scenario, but the process…

FridayJun 28, 2019 11:32 am

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Pursuing Development of a Global Cannabis Marketplace

TransCanna recently acquired a 196,000 sq. ft cannabis-concentrated hub in Stanislaus County, California, in keeping with its expansion plans to develop a global cannabis marketplace It also received gross aggregate proceeds of more than C$10 million in private placement funding, which is being used for equipment purchase, acquisitions and other business activities The company has hired a new general manager, Alan R. Applonie, who has decades of infrastructure experience working with Amazon, Starbucks, Walmart, 7-Eleven and Kroger TransCanna is aiming to buy and develop 15 premium cannabis brands in California TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) is a Canadian…

FridayJun 28, 2019 11:06 am

Diabetes Can Make You Go Blind. Could Cannabis Help?

Every diabetic, whether autoimmune or type 2 diabetes, can tell you that having high levels of blood sugar is dangerous. When blood sugar isn’t properly managed by the body, rogue glucose courses through the bloodstream and begins to bind to places that it really doesn’t belong. One of the primary casualties? Blood vessels in the retina, which is the part of the eye that is receptive to light and communicates visual signals to the brain. When high levels of blood glucose begin to cause damage, a condition known as diabetic retinopathy develops. Understandably, damage to this part of the eye…

FridayJun 28, 2019 10:53 am

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Launches Investment Platform Focused on Cannabis Industry

Supreme Heights will focus on opportunities in the UK and European CBD health and wellness space The investment platform will benefit from Supreme Cannabis’ vast industry experience and connected leadership team Supreme Cannabis’ CEO expects the move to enhance revenue value for investors The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a leading Canadian cannabis producer, recently announced its launch of Supreme Heights, a new investment platform. Supreme Heights, established in London, will take advantage of opportunities within the United Kingdom and Europe’s CBD health and wellness sector. While Supreme Heights has been initiated as a separate…

FridayJun 28, 2019 9:54 am

Grapefruit Boulevard Investments Inc. (IGNG) Completes Reverse Acquisition, Launches Sugar Stoned

Grapefruit is a premier manufacturer and distributor in California’s legal cannabis marketplace The company completed a reverse acquisition of Imaging3 Grapefruit recently launched a new product line, Sugar Stoned Grapefruit Boulevard Investments Inc. (OTCQB: IGNG) is a premier cannabis manufacturer and distributor in the California legal cannabis marketplace with its own branded product lines. It offers professional assistance to other cannabis companies in branding, compliant packaging, extraction services, edible manufacturing services and distribution logistics. The company created a fully compliant strategy to bring unlicensed brands into the legal marketplace. Grapefruit is a seed-to-sale, vertically integrated company sourcing active ingredients and…

FridayJun 28, 2019 4:20 am

420 with CNW – 2019 Federal Data Shows More Banks are Accepting Marijuana Businesses

Newly released federal data shows that in 2019, more credit unions and banks have been taking on marijuana businesses as clients compared to previous quarters and years. The federal data shows that there were 113 credit unions and 438 banks which actively serviced cannabis businesses in the final quarter of 2018. The statistics for the first quarter of 2019 indicate that the banks increased to 493 while credit unions numbered 140. The data comes from the Financial Crimes Enforcement Network (FinCEN) of the Treasury Department. FinCEN tracks the finances of the marijuana industry in accordance with the banking guidelines issued…

ThursdayJun 27, 2019 4:20 pm

420 with CNW – National Sheriffs’ Association Wants Marijuana Rescheduled

The National Sheriffs’ Association (NSA) has passed a resolution calling on the federal government to reschedule marijuana. The same resolution also reiterates the group’s opposition to the legalization of recreational marijuana. In the resolution, the NSA states that they regard the legalization of cannabis as a threat to public safety and health, but they also have empathy for people who are suffering as a result of debilitating conditions which prompt them to seek medical cannabis. The sheriffs reaffirmed that they remain opposed to not just state-level legalization but decriminalization as well since these policies haven’t done much to eradicate illicit…

ThursdayJun 27, 2019 12:49 pm

NCIA Cannabis Business Summit & Expo is ‘Essential’, Says Leading Trade Journal

It’s no real surprise that the 6th Annual NCIA Cannabis Business Summit & Expo has made the list of “essential conferences for meeting everyone you need to know to succeed in cannabis.” During its run, attendance at the trade show has climbed exponentially. This year, over 10,000 attendees are expected to congregate, July 22-24, at the San Jose McEnery Convention Center in San Jose, California. Such a crowd of executives, entrepreneurs and investors offers networking opportunities galore. The event, which focuses on business opportunities in the fast-developing cannabis space, undoubtedly offers a matchless opportunity to “meet… everyone you need to…

ThursdayJun 27, 2019 11:22 am

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Launches Strategic Hemp Division

The Green Organic Dutchman’s focus is on being the market’s foremost global organic cannabis brand The company recently launched a worldwide strategic hemp division TGOD aims to provide a suite of premium consumer-preferred products The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) is a premium cannabis company that grows high-quality, organic cannabis with sustainable, all-natural principles. Established in 2012, TGOD focuses on medical cannabis markets in Canada, Europe, the Caribbean and Latin America, along with the Canadian adult-use market. TGOD’s senior management team has wide-ranging experience in executive and operational activities specific to CPG (consumer packaged goods), consumer…

ThursdayJun 27, 2019 10:43 am

Earth Science Tech Inc. (ETST) Builds a Niche in Expansive Wellness Industry with Women’s Health, CBD Products

Earth Science Tech is a Florida-based company with a vision of enhancing the quality of people’s lives through varied wellness initiatives as part of a growing $4.2 trillion industry The company’s two subsidiaries have a targeted focus on helping women who might not normally pursue health care to assess and treat STIs, as well as on utilizing hemp derivatives as therapy for a variety of maladies ETST also supports a favored entity’s efforts to gain non-profit status for accepting grants that would further CBD studies and assist the company in donating its products on the basis of need The health…